The card will remain part of the MasterCard lineup. GM is ending its credit card partnership with Capital One in late February. And customers will receive new, redesigned plastic in the upcoming weeks.īoth sets of customers will get information about setting up their new account with Marcus by Goldman Sachs in the coming weeks. They don’t need to take any action and can keep using their card. But GM said it will still have its GM Business Card, Extended Family Card, and GM Cards. Some card holders will receive the all-new My GM Rewards Card. Card holders will be automatically transferred to Goldman Sachs. The existing GM card has more than 3 million card holders. Lazzati said more than 50% of GM customers will buy another GM vehicle so the card will be attractive in building points for car buyers and those spending money on GM services.
Gold and Platinum rewards members can now redeem points toward the purchase of GM Certified Pre-Owned vehicles and their points do not expire. Each tier unlocks higher points earnings and redemption caps. The card has three membership tiers - Silver, Gold and Platinum - where customers can level up as they spend. Julie Heisel, director of GM Rewards and GM Card, called the new My GM Rewards "a big win for our customers with more ways to earn and redeem points, including premium tiers of membership with exclusive offers and opportunities.” The My GM Rewards Card is designed to drive GM car and truck sales - and reward loyal customers. "Points earned today can be redeemed tomorrow," John Lazzati, managing director for consumer cards at Marcus by Goldman Sachs, said in a press call Monday announcing the major change. General Motors, which first introduced its branded credit card 30 years ago, is moving to a new digital platform and partnership with Marcus by Goldman Sachs.
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